Telegram channel MMI knowledgeableAccording to data for mid-February 2023, budget expenditures in Russia since the beginning of the year amounted to 4.92 trillion rubles, and revenues – 951 billion rubles. This creates a deficit of about 4 trillion rubles. MMI referring to to operational data of the consolidated budget portal.
The annual plan for the budget deficit is 2.9 trillion rubles, or 2% of Russia’s gross domestic product (GDP). about this before declaration Finance Minister Anton Siluanov.
According to the MMI post, in January the budget spent an average of 100.5 billion rubles per day, while in February daily spending increased to 113 billion rubles. With the daily spending level lowered to 100 billion rubles and the income plan fulfilled by the end of this year, the deficit could rise to over 10 trillion rubles.
At the same time, analysts believe that it is too early to talk about the situation with Russian budget revenues, no conclusion can be drawn before the quarter results.
However, the Central Bank pointedThat increased budget spending is one of the main factors that could lead the regulator to tighten monetary policy and raise the key interest rate from its current level of 7.5% per year.